Financial Services and the Legal Cannabis Industry: Banking on Growth

In just a few short years the legal cannabis industry has gone from a niche product area focused on small regions to one of the most dynamic high-growth economic sectors with an increasingly global footprint. The loosening of strict marijuana prohibition in a number of regions globally is opening up significant opportunity in this market, including medical and pharmaceutical products, fast-moving consumer goods, and even pet products. Despite the rapid growth of the legal cannabis sector, banking marijuana-related businesses remains extremely challenging in most markets, and the sector is hungry for financial services support.

Join this webinar with Aite Group senior analyst Gilles Ubaghs, who will provide a snapshot look at the state of the global legal cannabis industry and what this means for financial services providers. With the market moving so quickly, it’s imperative that banks of all sizes keep track of how the market is changing and be ready to move when opportunity arises.

Key discussion points will include:

An overview of the global state of the legal cannabis industry, including key jurisdictions for business development

Forecasts of the market opportunity in both the U.S. and Canada, including insight on how truly global cannabis players are emerging

Key regulatory hurdles for banks, including the Cole Memorandum and SAR filing requirements

A look at how fintech players and alternative investment funds are filling in the gap left by the lack of servicing for the legal cannabis industry

Video of Financial Services and the Legal Cannabis Industry: Banking on Growth

Type:

Webinar

Date:

March 27, 2019

When:

Wednesday, March 27, 2019 | 11 a.m. ET

Speakers:

Gilles Ubaghs is a senior analyst with Aite Group’s Wholesale Banking & Payments practice, where he is focused on business-to-business and commercial payments as well as the role that digital transformation is having across the enterprise and broader financial services sector.